ABSTRACT

Bert F. Hoselitz's reflections on British and French entrepreneurship since 1700 are explicitly linked to the relative scale of capital formation and overall growth rates in the two countries; and Thomas C. Cochran seeks to make American entrepreneurial history illuminate Simon Kuznets' American growth statistics. The relation between capital formation and economic growth is a large part of the total problem of economic growth. Taking the rate of change of output to be a function of the rate of change in the size and quality of the working force and of the capital stock, this conference is analyzing the total growth problem, leaving the working force aside. By introducing a degree of disaggregation and by setting in motion some of the variables usually frozen in growth models, Adolph Lowe has linked income analysis to the problems of changing economic structure.